New U.S. $5 Bill Will Make Digital Debut on Sept. 20
For the first time, a redesigned denomination of U.S. currency will be digitally
unveiled when a new $5 bill design is revealed on Sept. 20. Officials from The
Department of the Treasury, Federal Reserve Board, Bureau of Engraving and
Printing and U.S. Secret Service will host the virtual event on its official
public education Website, www.moneyfactory.gov/newmoney.
The new $5 bill design, which will be issued and
enter circulation in early 2008, incorporates enhanced security features,
subtle background colors and images of American symbols of freedom.
Representatives from the U.S. government
will unveil the new $5 bill to the public for the first time at 9:00 a.m. EST.
An online "reporter only" Q&A will follow at 9:30 a.m.
In order to stay ahead of counterfeiting, the U.S. government
continues to redesign our currency. Decisions about the redesign of each
denomination are guided by the government's close evaluation of the range of
ongoing counterfeit threats, whether from digital technology or sophisticated
offset printing presses.
The $100 bill will be the next denomination to be
redesigned after the $5 bill is issued in early 2008. The government has no
plans to redesign the $1 and $2 bills.